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Purchasing a home in California has not been so affordable than now!

September 22nd, 2012 11:33 PM by Nathan Rufty

Mortgage Rates Continue to Hover Near Rate Lows!

30 year fixed rate mortgages, the most popular choice among home shoppers, has been below 4 percent every week this year except for one and as of today the rates have almost reached 3%

15 year fixed rate mortgages, which tend to be more popular among refinances has remained in the high 2% range for some time now since May of this year.

The following average mortgage rates for the week ending Sept. 13:

  • 30-year fixed-rate mortgages: averaged 3.55 percent, with an average 0.6 point, holding the same as last week. A year ago, 30-year rates averaged 4.09 percent.
  • 15-year fixed-rate mortgages: averaged 2.85 percent, with an average 0.6 point, down slightly from last week’s 2.86 percent average. A year ago, 15-year rates averaged 3.30 percent.

Purchasing or refinancing a home today in California is a very smart move. We have a very strong and healthy economy in this state, with the rates as low as they have been for quit sometime now, you need to explore the option to purchase a home and explore the option to refinance your home in a short term like a 15 year so that you will save thousand of dollars on the interest over the life of the loan.

To see how much you can afford on a monthly payment go http://www.nathanrufty.com/MortgageCalculators and lets get started on your pre-approval process right away.

Posted in:General
Posted by Nathan Rufty on September 22nd, 2012 11:33 PM



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